What Are Wise Business Fees in India in 2026?
- Author:
- Manoj Sharma
- Verified by:
- Editorial team
- Published:
- Last modified:
Short answer
Wise Business fees for Indian users: 1.6% conversion fee plus $2 per payment, plus 18% GST (calculator reading, 6 Oct 2026); lower above about $25,000. FX markup: Converts at the mid-market rate; the cost is the 1.6% conversion fee. On a $5,000 invoice you receive about ₹4,63,910, a total cost of 1.90% after fees, markup and GST.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving fee | Calculator: 1.6% + $2 per payment + 18% GST | Each payment received | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| FX markup | Mid-market rate; cost is the 1.6% conversion fee | Conversion to INR | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| GST | Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee). | On the fee | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
At the mid-market rate
₹4,72,890
Wise Business pays
₹4,63,910
Highest payout: Skydo
₹4,69,654
- 1.Skydo₹4,69,654cost 0.68%
- 2.Razorpay₹4,67,310cost 1.18%
- 3.Kotak Mahindra Bank₹4,64,297cost 1.82%
- 4.HDFC Bank₹4,63,919cost 1.90%
- 5.Wise Business₹4,63,910cost 1.90%
1 USD = 94.58 INR, ECB reference rate for 4 Nov 2026. Payout = amount minus fees, converted at the reference rate minus each platform's markup, minus 18% GST on fees where charged. Platforms without published pricing are left out.
What are Wise Business fees at a glance?
Wise Business fees for Indian users, as published on Wise Business's own pricing pages and checked on 30 Sept 2026.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: US ACH to USD account details (routing and account number) | 1.6% conversion fee, 2 USD eFIRC fee and 18% GST on both in Wise's calculator (20.86 USD total on 1,000 USD on 2026-10-06) | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: International Swift or wire to USD account details | 27.93 USD total on 1,000 USD in Wise's calculator on 2026-10-06 | Wise's price data adds a 6.11 USD pay-in fee to the conversion fee for wire receipts; the page does not explain this in words | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: Payment from a client's Wise account | Not confirmed | Wise says the client can skip bank transfer or wire transfer fees and that the user saves 4.14 USD on USD wire fees if the client pays with Wise | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: GBP, EUR, AUD, CAD, NZD, SGD, HUF local details | Not confirmed | Wise states the conversion fee depends on the currency | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Currency conversion to INR | Converts at the mid-market rate; the cost is the 1.6% conversion fee | When foreign currency is converted | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Payout to an Indian bank | Funds are converted to INR at the mid-market rate and sent to the Indian bank account linked at signup; Wise's charges are the conversion fee, the eFIRC fee and GST on both. | When INR is sent to your account | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| eFIRC | 2 USD per transfer plus GST, per Wise's calculator | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving account details | Free per Wise's India business page ('Get international account details in India for free') | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| GST on fees | Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee). | Applies to the platform's fee | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
How does Wise Business charge Indian users?
Wise Business charges through a receiving fee, an FX markup on conversion and, in some cases, payout or fixed fees.
- Transaction fee: 1.6% conversion fee plus $2 per payment, plus 18% GST (calculator reading, 6 Oct 2026); lower above about $25,000
- FX markup: Converts at the mid-market rate; the cost is the 1.6% conversion fee
- Withdrawal fee: Funds are converted to INR at the mid-market rate and sent to the Indian bank account linked at signup; Wise's charges are the conversion fee, the eFIRC fee and GST on both.
- GST: Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee).
Calculation basis: Wise calculator reading on 6 October 2026 for a USD bank transfer received into Wise USD account details by an Indian business and converted to INR. Wise charges a 1.6% conversion fee on the converted amount (lower above about $25,000 through volume discounts), a $2 flat fee per payment, and 18% GST on both. The model expresses this on the invoice amount and reproduces the calculator totals to within a few cents at $500, $1,000, $2,000, $5,000, $10,000, $25,000, $50,000 and $100,000. Wise converts at the mid-market rate, so the cost sits in the fee. Swift wires cost more. Figures change with Wise's pricing; these are dated calculator readings, not a published price list.
What does Wise Business charge by payment method?
Wise Business's fee depends on how your client pays. Methods not listed are not supported or not published for Indian users.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: US ACH to USD account details (routing and account number) | 1.6% conversion fee, 2 USD eFIRC fee and 18% GST on both in Wise's calculator (20.86 USD total on 1,000 USD on 2026-10-06) | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: International Swift or wire to USD account details | 27.93 USD total on 1,000 USD in Wise's calculator on 2026-10-06 | Wise's price data adds a 6.11 USD pay-in fee to the conversion fee for wire receipts; the page does not explain this in words | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: Payment from a client's Wise account | Not confirmed | Wise says the client can skip bank transfer or wire transfer fees and that the user saves 4.14 USD on USD wire fees if the client pays with Wise | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: GBP, EUR, AUD, CAD, NZD, SGD, HUF local details | Not confirmed | Wise states the conversion fee depends on the currency | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Currency conversion to INR | Converts at the mid-market rate; the cost is the 1.6% conversion fee | When foreign currency is converted | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Payout to an Indian bank | Funds are converted to INR at the mid-market rate and sent to the Indian bank account linked at signup; Wise's charges are the conversion fee, the eFIRC fee and GST on both. | When INR is sent to your account | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| GST on fees | Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee). | Applies to the platform's fee | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
What is the Wise Business currency conversion fee and FX markup?
Published FX markup: Converts at the mid-market rate; the cost is the 1.6% conversion fee. The markup is the difference between the mid-market rate and the rate Wise Business applies when converting to INR.
For example, on $5,000 at the XE mid-market rate of 94.58 for 4 Nov 2026, the mid-market value is ₹4,72,890. Wise Business's markup costs ₹0 of that.
What are Wise Business withdrawal and settlement fees?
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| Wise Business | States under 90 minutes in business hours | INR at mid-market rate to linked Indian bank account | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
Is GST charged on Wise Business fees?
Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee).
For example, on a $5,000 invoice the fee is ₹7,610 and GST at 18% adds ₹1,370.
How much INR do you receive on $2,000, $5,000 and $10,000 with Wise Business?
The table shows each charge line by line at the XE mid-market rate for 4 Nov 2026.
| Platform and invoice | Fee | FX markup | GST | INR received | Cost | Best for |
|---|---|---|---|---|---|---|
| Wise Business, $2,000 | ₹3,155 | ₹0 | ₹568 | ₹1,85,433 | 1.97% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Wise Business, $5,000 | ₹7,610 | ₹0 | ₹1,370 | ₹4,63,910 | 1.90% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Wise Business, $10,000 | ₹15,034 | ₹0 | ₹2,706 | ₹9,28,040 | 1.88% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
How can you reduce Wise Business fees?
- Payment method: Ask clients to pay by local bank transfer to your account details, which usually costs less than cards, wallets or Swift wires.
- Invoice size: Where a platform charges a flat fee per payment, fewer and larger invoices lower the cost as a share of revenue.
- Conversion: Compare the rate offered with the mid-market rate on the day, because the FX markup is often the larger cost.
- GST: Keep the platform's tax invoices, since GST paid on fees may be claimable as input tax credit if you are GST registered.
How do Wise Business fees compare with other platforms?
Platforms are ranked by the INR received on a $5,000 invoice, with Wise Business included.
| Platform | Fees | FX markup | FIRA | INR on $5,000 | Best for |
|---|---|---|---|---|---|
| Skydo | $19 up to $2,000, $29 to $10,000, 0.3% above + GST | States zero FX margin at live rate | States instant, free FIRA per payment | ₹4,69,654 | Indian freelancers and exporters receiving mid to large B2B invoices |
| Razorpay | 1% per bank transfer (Rs 1,000 flat below Rs 1,00,000) + GST | States 0% markup on MoneySaver at live rate | FIRS within 24 hours of settlement; no charge listed | ₹4,67,310 | Indian businesses and freelancers on Razorpay invoicing foreign clients |
| Kotak Mahindra Bank | No inward, FIRC, SWIFT fee on current accounts; GST on conversion | Card rate, markup not published; 1.71% below mid-market on 7 Oct 2026 | Nil FIRC on current accounts; savings Rs 100 or nil | ₹4,64,297 | Service exporters wanting a current account without inward remittance fees |
| HDFC Bank | No inward charge; physical FIRC INR 200 + taxes; GST on conversion | Card rate ~1.79% below mid-market on 6 Oct 2026; markup unpublished | Physical FIRC INR 200; emailed advice free for trade | ₹4,63,919 | Existing HDFC customers wanting free SWIFT receipts or EEFC accounts |
| Wise Business | Calculator: 1.6% + $2 per payment + 18% GST | Mid-market rate; cost is the 1.6% conversion fee | eFIRC per transfer, 2 USD + 18% GST | ₹4,63,910 | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
How did we verify this?
Fees were checked on Wise Business's own pages on 30 Sept 2026. INR figures use the XE mid-market rate for 4 Nov 2026. The formula is on the methodology page.
- Wise India: Fees for receiving money (Business), Conversion fee depends on the currency; eFIRC for every transfer; GST 18% of (conversion fee + eFIRC fee); calculator (checked 6 Oct 2026)
- Wise India: Fees for receiving money (Personal), Receiving money feature is currently available only for business customers (checked 6 Oct 2026)
- Wise India: Receive money from abroad in India, Eight currencies, free account details, mid-market rate, eFIRC, under 90 minutes within business hours, eligible company types, 4.14 USD wire saving, regulatory footer (checked 6 Oct 2026)
- Wise Help: How to verify your Indian business to receive payments, Eligible business types and documents (checked 6 Oct 2026)
- Wise India: Pricing (checked 6 Oct 2026)
- Wise price data behind the India receive calculator (USD to INR, business, India), RECEIVE_BANK_TRANSFER 1,000 USD: variableFee 15.68 (1.6%), flatFee 2.0, vat 3.18 (18%), total 20.86; RECEIVE_SWIFT: total 27.93 incl. 6.11 pay-in fee; 100,000 USD: total 1,770.52 after HAT_VOLUME_DISCOUNT -73.23 (checked 6 Oct 2026)
- Wise calculator price data for an Indian business receiving USD (RECEIVE_BANK_TRANSFER to INR), $5,000: conversion fee 78.48 (1.6% of converted amount), flat fee 2.00, GST 14.49, total 94.97; also read at $500 to $100,000 (checked 6 Oct 2026)
FAQs about Wise Business fees
How much does Wise Business charge to receive money in India?
Fees: 1.6% conversion fee plus $2 per payment, plus 18% GST (calculator reading, 6 Oct 2026); lower above about $25,000. Conversion to INR: Converts at the mid-market rate; the cost is the 1.6% conversion fee. GST: Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee).
Does Wise Business add a markup to the exchange rate?
Published FX markup: Converts at the mid-market rate; the cost is the 1.6% conversion fee. The markup is the gap between the mid-market rate and the rate Wise Business applies, so it is a cost even when no separate fee is shown. Compare the rate Wise Business offers with the mid-market rate on the day you convert.
Is GST charged on Wise Business fees?
Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee). Where a platform charges GST, it is added on top of the fee, so the total cost rises by 18% of the fee. This page's calculator adds GST on fees where the platform charges it or does not say otherwise.
How long does Wise Business take to pay out to an Indian bank account?
Wise Business states: Wise states payments can arrive in under 90 minutes within business hours. Payout route: Funds are converted to INR at the mid-market rate and sent to the Indian bank account linked at signup; Wise's charges are the conversion fee, the eFIRC fee and GST on both.
Does Wise Business provide a FIRA for each payment?
Wise states it provides an eFIRC for every transfer and sends it to the user's inbox. Its calculator shows an eFIRC fee of 2 USD per transfer, and GST at 18% applies to this fee. Source: Wise India receive pricing.
Is Wise Business cheaper than other ways to receive international payments?
On a $5,000 invoice Wise Business costs about 1.90% in total at today's reference rate. The comparison table on this page ranks other platforms by the INR received on the same invoice, so you can see where Wise Business sits for your invoice size.